202 Ocean Ave #MAYCape May PtNJ08212
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Cape May Pt at 202 Ocean Ave #MAY, Cape May Pt, NJ, 08212 earns from $2,476/mo rent with a $3,842/mo payment. Total monthly income totals $2,476/mo. ROI tracks 5.57% on current figures, and rental yield reads 3.78% at a $785,000 purchase. Equity gained on principal adds $5,065/yr, and 5% annual appreciation supports $216,881 over five years. Five-year ROI reaches 27.14% and total cumulative return in cash sums $70,082. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,476/mo property income instead of your personal income.
Condo
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08212, Cape May Point, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 627 (100%) |
| Owner Occupied HU | 146 (23.3%) |
| Renter Occupied HU | 5 ( 0.8%) |
| Vacant Housing Units | 476 (75.9%) |
| Median Home Value | $920,455 |
| Average Home Value | $966,438 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
21
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Listed by: Barry Bruno • LONG & FOSTER REAL ESTATE, INC cm
Mls Name: Long & Foster Broker Feed
Mls ID: #252819